According to the findings of a new survey by XLN Telecom, SMEs including umbrella companies and recruitment agencies, do not think that Tory victory at the next general election will result in a dramatic upsurge in business.
Limited company contractors could once more be in the firing line with HMRC. According to accountancy firm Smith & Williamson, HMRC will be closely monitoring the use of dividend payments between now and the end of the tax year.
HMRC is urging employees, sole traders, limited company contractors and umbrella company workers to contact them if they believe they have received an incorrect tax code this year.
The last budget before the general election will be presented on March 24th, the Treasury confirmed yesterday. It is thought that the Chancellor will unveil his plans to cut the growing public deficit by 50% over the next 5 years.
The Recruitment and Employment Confederation is urging contractors who are owed money from umbrella companies that have gone into administration to contact the administrator in order to obtain settlement for outstanding invoices.
